£190,820
This estimated value is based upon the latest sale price for the house of £112,500 on 28 May 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£112,500 | 28 May 2010 |
Semi-Detached |
Freehold |
Floor Area: 57 sq meters or 613 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in May 2010 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.618%.Applying this 69.618% change to the original purchase price of £112,500 results in an estimated price of approximately £190,820.
28 May 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.6 | 148.6 | 69.618 % | £112,500 | £78,320 | £190,820 |
The Postcode Pricing Model uses changes in average sales price within the NE38 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 43.321 % | £48,736 | £161,236 |
3 Month Average | 22.909 % | £25,772 | £138,272 |
6 Month Average | 45.948 % | £51,692 | £164,192 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Aug 2023 | £284,993 | £282,500 | 8 GLENSHIEL CLOSE |
8 Jun 2022 | £228,225 | £225,000 | 11 GLENORRIN CLOSE |
22 Oct 2021 | £138,310 | £125,000 | 19 GAIRLOCH DRIVE |
27 Mar 2020 | £195,721 | £162,500 | 20 CAIRNGORM AVENUE |
10 Dec 2019 | £318,959 | £260,000 | 44 GAIRLOCH DRIVE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 6 Sep 2020. Using an estimated price of £190,821 means this house is valued at £3,347 per sq meter (£311 per sq foot).
The average size of a house on GLENORRIN CLOSE is 95 sq meters (1,029 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Gairloch Drive |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gairloch Drive |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gairloch Drive |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gairloch Drive |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Helvellyn Avenue |